Saudi consumer loans hit USD78b in 2012: SAMA

10 Mar 2013

(MENAFN) An official report showed that consumer loans granted by Saudi banks grew by 21 percent in 2012, Saudi Gazette reported.

According to the Saudi Arabian Monetary Agency, consumer loans reached USD77.76 billion last year, up from USD64.51 billion in 2011.

The report detailed that loans given for purchasing cars and equipment rose to USD15.3 billion in 2012, up from USD13.15 billion in the previous year, while those given for purchasing real estate grew to USD10.12 billion from USD7.8 billion.

Along with consumer loans’ growth, the report said that bank branches hit 1,696 last year, up from 1,646 in 2011.

SAMA report also showed an increase in the number of ATMs operating in the Kingdom to 12,712 by the end of December 2012 from 11,766 a year ago. Banks issued 16.44 million ATM cards in 2012.

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